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Is a Buyer’s Earnest Money SAFE if they terminate on a Financing Contingency….. only “MAYBE!” When a Buyer terminates a contract based on the financing contingency, that Buyer must also provide a Loan Denial Letter from the lender. That Buyer will NOT meet the terms of the financing contingency if that loan denial letter is based on certain issues. Watch the video to find out what those issues are! Special Stipulation making a contract subject to a Buyer’s receipt of Down Payment Assistance (DPA) Funds: (Thank you Amee Davis – closing attorney with Davis & Associates – “This Agreement is contingent upon the Buyer’s approval for the receipt of down payment from _______ program within _____ days from Binding Agreement Date. Should Buyer not be approved for the DPA program within this time frame, Buyer may terminate without penalty if Buyer notifies Seller in writing and providing DPA denial letter.”

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